Mar 12, 2024
You Have a New Job. Now What?
For those of you stepping into new roles, congratulations! This milestone comes with a lot of things to think about, from managing lifestyle inflation to understanding the impact of major purchases on your future. We’ll uncover valuable insights on income-based student loan payments, refinancing options, and how to approach big decisions like whether to rent or buy a house. I’ll help you unpack the price-to-rent ratio so you can make a well-informed decision based on financial and personal factors. We'll also discuss contract negotiations, gender disparities, non-compete agreements, and the importance of getting the most out of your benefits package.
In today’s episode, you'll find out:
* How to use contracts for better severance or negotiation during job changes
* Why you shouldn’t accept being bullied during training or residency
* Key factors in job matching for medical professionals
* Benefits of income-based student loan payments and the pitfalls of early recertification
* Essential insights for loan refinancing and selecting the best payment plans
* Tips for making smart housing choices, like rent vs. buy, during life changes
* Negotiating techniques beyond salary to yield better benefits and work-life balance
* The impact of gender and non-compete agreements in specialized professions
* How to manage lifestyle inflation and understand consumption smoothing
* The role of marginal utility in making financially savvy decisions
* The emotional biases in finance advice from experts like Suze Orman and Dave Ramsey
* How to celebrate a job success or career change without sinking your finances
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Do you have a question about student loans? Leave us a voicemail here or email us at help@studentloanplanner.com and we might feature it in an upcoming show!